TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Weinstein film studio facing sale or shutdown: report
Change Size
This file photo taken on May 23, 2017 shows US film producer Harvey Weinstein posing during a photocall as he arrived to attend the De Grisogono Party on the sidelines of the 70th Cannes Film Festival, at the Cap-Eden-Roc hotel in Antibes, near Cannes, southeastern France. (Agence France -Presse/Yann COATSALIOU )
T
he Weinstein Company is exploring a sale or shutdown as it reels from the fallout of allegations of serial sexual misconduct by its ousted co-chairman Harvey Weinstein, The Wall Street Journal reported on Friday.
The film and television studio is unlikely to continue as an independent entity, the Journal said, citing a person close to the firm.
Weinstein's film studio fired him on Sunday after an explosive New York Times report alleged he had preyed for decades on young women hoping to break into the film industry.
An avalanche of sexual harassment claims have come in the wake of the Times report, with American actress Rose McGowan Thursday becoming the fourth woman to accuse Weinstein of raping her.
Investigations are under way by police in New York and Britain.
As it mulls its future after the accusations, the studio's board of directors has been talking to possible buyers, the Journal said.
Read also: New York, London police investigating Weinstein amid fourth rape allegation
Some potential suitors have approached board members and others close to The Weinstein Co, but it remains uncertain whether a deal can be reached for the studio to continue operating.
The alternative is that The Weinstein Co would be shut.
Board members are no longer considering a previous plan that could have seen co-chairman Bob Weinstein, Harvey's brother, continue operating the studio with president David Glasser under a new company name, the Journal's source said.
Harvey and Bob Weinstein, as co-founders of Miramax Films, burst onto the indie film scene in the late 1980s and early 1990s with films like "Sex, Lies and Videotape," "Shakespeare in Love" and "Pulp Fiction."
Together the brothers went on to co-found the Weinstein Company in 2005, producing such hits as "The King's Speech" and "The Artist."
